U.K. Document Vault
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The flash readings of the Markit/CIPS surveys in February provide reassurance that GDP is on track to rebound in Q1, despite disruption to the global economy caused by the COVID-19 outbreak and bad weather in the U.K. this month.... More by Samuel Tombs
In one line: Full-year borrowing remains on course to undershoot the OBR's forecast.... More by Samuel Tombs
In one line: Reassuringly solid, given virus and weather headwinds.... More by Samuel Tombs
We expect the flash reading of Markit's composite PMI, released today, to print at 52.4 in February, below the consensus, 52.8, and January's final reading, 53.3, albeit still in line with last month's flash.... More by Samuel Tombs
In one line: Consistent with falling manufacturing output and a small drop in the PMI.... More by Samuel Tombs
In one line: Snapping back after political-related weakness in Q4.... More by Samuel Tombs
The market-implied probability that the MPC will cut Bank Rate by June fell to 34%, from 38%, after the release of January's consumer price figures, though investors still see around an 80% chance of a cut by the end of this year.... More by Samuel Tombs
In one line: Further evidence that the housing market already had regained momentum before the election.... More by Samuel Tombs
In one line: Rising services inflation strengthens the case against a rate cut.... More by Samuel Tombs
The headline employment numbers masked an otherwise sub-par December labour market report.... More by Samuel Tombs
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